813 Westmount DRWest Hollywood, CA 90069
813 Westmount Drive presents a 9-unit multifamily investment opportunity in prime West Hollywood, one of Southern California's most supply-constrained and high-demand rental submarkets. The offering features highly attractive 2.69% interest-only assumable financing through December 2030, delivering an approximate 7.69% cash-on-cash return and strong day-one leveraged cash flow. The asset generates stable in-place income at a 12.59 GRM and 4.61% cap rate, equating to approximately $316,667 per unit and $438 per square foot well below estimated replacement cost in this premier West Hollywood location.Built in 1958, the property is a classic late-1950s mid-century courtyard-style building with clean architectural lines and efficient unit layouts. Additional upside exists through interior modernization and strategic capital improvements, offering clear value-add potential while preserving the asset's architectural character.Favorable assumable financing enhances investor yield and materially reduces acquisition financing risk.
- Property Type:
Residential Income
- Architectural Style:
- Bedrooms:
9
- Bathrooms:
9
- Dwelling Size:
6,504 SqFt
- Lot Size:
0.15 Acres
- Lot Description:
- Stories:
- Year Built:
1958
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces:
Features: None
- Area:
C10 - West Hollywood Vicinity
- Views:
- Schools:
- HOA:
- Senior Community:
False
- Heating:
Wall Furnace
- Cooling:
- Appliances:
Refrigerator
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
- Roof: